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Sat September 21 2019

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ASV shareholders back takeover by Yanmar

5 Sep Shareholders of ASV, an American manufacturer of rubber-tracked compact loaders and wheeled skid steer loaders, have voted to accept a takeover offer from Yanmar America Corporation.

ASV VT-70 loader
ASV VT-70 loader

The deal, first announced on 27th June 2019, is now expected to close on 11th September.

Of those who voted, 99.9% backed the takeover by the Japanese manufacturer. Supporters represent nearly 81% of the outstanding shares of ASV’s common stock entitled to vote.

ASV owns and operates a 238,000 square-foot production facility in Grand Rapids, Minnesota.

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